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Bet on these 41 stocks after FM’s growth-oriented Budget

The biggest beneficiaries would be the infrastructure segment, capital goods, real estate, railways, power, fintech, agriculture, defence and banks, say experts. One of them said the Budget will be negative for the entire PSU and PSU bank space since there were no major announcements on divestments.

February 02, 2022 / 03:06 PM IST
Budget 2022

Budget 2022

 
 
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The Union Budget 2022-23, presented by Finance Minister Nirmala Sitharaman, cheered markets as the benchmark indices rallied more than 1 percent for third consecutive session on February 2, backed by continued buying interest and short-covering.

Experts largely feel the government maintained its focus to get the economy back on a strong track and speed up growth, extending focus on existing schemes, as its intention continued to boost the 'Make-in-India' initiative by focusing on infrastructure, housing, power, railways, employment, agriculture, digitisation through new-age technologies, electric vehicles etc.

The Centre has increased capital expenditure by 35 percent to Rs 7.5 lakh crore to boost infrastructure projects, while hoping to maintain fiscal deficit at 6.4 percent (from 6.9 percent in the current fiscal), but kept less focus on populist measures, despite impending state elections.

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